Press Release by the Greiffenberger AG (WKN 589 730 / ISIN DE0005897300)

Greiffenberger Group starts 2014 with a good first quarter

• Total turnover of € 37.7 m slightly up on previous year (€ 37.4 m)
• Incoming orders of € 40.9 m again exceed revenues
• Significant growth in turnover and earnings expected for full-year 2014

Marktredwitz and Augsburg, May 12, 2014 - The Greiffenberger Group generated a total turnover of € 37.7 m in the first quarter of 2014, therefore up slightly by 1 % on the previous year's € 37.4 m. Incoming orders were high at € 40.9 m, resulting in a book-to-bill ratio (the ratio of incoming orders to turnover) of around 1.1, meaning the upward trend is continuing.

The Drive Technology (ABM) business unit experienced significantly disproportionate growth in turnover in the first quarter with an increase of 3.1 % to a total of € 23.5 m (previous year: € 22.8 m). Turnover at the Metal Band Saw Blades & Precision Strip Steel (Eberle) business unit was also slightly up on the previous year, with revenues of € 11.5 m (previous year: € 11.4 m). The Pipeline Renovation Technology (BKP) business unit posted revenues of € 2.7 m and was the only unit that did not match the level of turnover of the first quarter of the previous year (€ 3.2 m). The decline is due to strong fluctuations in the seasonal business of gas pipe sheathing, making a quarterly comparison difficult. By contrast, sales of pipeliners, BKP's main product, performed very satisfactorily, with increases very much in the double-digit range.

Greater financial resources for further growth in 2014

For 2014 the Greiffenberger Group is expecting a stronger second half-year and a significant increase in turnover and earnings over the course of the full-year. "We are positioning ourselves firmly in the niche markets we find attractive using the growth strategy we have laid out for the long-term, and we are driving innovation forward in these markets. With incoming orders in excess of revenues we are expecting full-year 2014 to develop with quite some momentum", comments Stefan Greiffenberger, CEO of Greiffenberger AG.

In mid-April 2014 Greiffenberger AG carried out a capital increase for cash, resulting in 483,850 new shares being successfully issued. The new shares were placed with institutional investors in Germany and German-speaking countries abroad by means of a private placement at € 6.00 per share, resulting in gross issuing proceeds of around € 2.90 m. The capital increase raised the share capital of the company by € 1,238,656.00 (around 10 %), to its present € 13,627,648.00. As a result of this action the Greiffenberger Group has increased its financial resources for the expected further growth of the company.

Overview of the key figures for the 1st quarter 2014 (IFRS):

March 31, 2014
(3 months) 		March 31, 2013
(3 months) 		compared to
previous year
€ m € m %
Turnover 37.7 37.4 +1.0 %
thereof business unit:
Drive Technology
(ABM Greiffenberger, Marktredwitz; 739 employees) 		23.5 22.8 +3.1 %
Metal Band Saw Blades & Precision Strip Steel
(Eberle, Augsburg; 281 employees) 		11.5 11.4 +1.0 %
Pipeline Renovation Technology
(BKP, Velten; 62 employees) 		2.7 3.2 -14.8 %
Incoming orders, total 40.9 46.6 -12.3 %
Volume of orders, total 37.3 41.3 -9.7 %



On the Greiffenberger AG:

Registered in Marktredwitz, Greiffenberger AG is a family-led industrial holding with 1,083 employees. With an export ratio of 66 % it operates successfully worldwide in technologically demanding niche areas of three growth markets:

• Drive Technology: efficient drive technology for companies that develop market-leading solutions, particularly industrial applications, e-mobility and renewable energies.
• Metal Band Saw Blades & Precision Strip Steel: the finest quality for demanding industrial applications
• Pipeline Renovation Technology: state-of-the-art trenchless technology and pipe surface protection technology

The company's strategic focus is on continuing to develop sector expertise and advancing environmental technology in areas that include pipeline renovation technology, biomass heating and wind power. Organic growth will be generated by increasingly internationalizing sales and procurement, and complemented optionally by acquisitions of companies. The company has been listed since 1986 (WKN 5897300, ISIN DE0005897300, ticker symbol GRF).

Contact information:

Stefan Greiffenberger

Thorsten Braun

CEO of Greiffenberger AG

Assistant to the CEO

Eberlestraße 28

86157 Augsburg

Tel.: +49 (0) 821/5212-261

Fax: +49 (0) 821/5212-275

stefan.greiffenberger@greiffenberger.de

ir@greiffenberger.de

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